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Giles County economic development staff report steady labor force, site grant progress and potential auction at Exit 14
Summary
County economic development staff told the commission the labor force held near 14,700, a site-development grant for Lot 5 is being revised to stay within a roughly $1.2 million budget and property at Exit 14 may go to auction midyear with at least two interested truck-stop operators.
Mister Reese, economic development staff member, told the Giles County Commission that the countylabor force remained about 14,700 people and that roughly 550 were unemployed, putting the local unemployment rate at about 3.7%.
The update focused on recent business inquiries and progress on a site-development grant for Lot 5. "We did get a site development grant to improve lot 5 to hopefully get it ready to put a building on at some point in the future," Mister Reese said. He said engineering work has been completed but grading plans had to be revised because initial cost estimates exceeded the grantbudget.
The grant the…
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